It is this study to study the effect of the difference between the cash flow rights and the rights of control over profit management in Egyptian companies. Control rights over cash flow rights as more immunization, describe otherwise) and profit management (using the Jones 1991 model), at 3 levels of ownership 5% or more, 10%, 20%. The research tests the study hypothesis for a sample of 142 joint stock companies listed on the Egyptian Stock Exchange during 2013 to 2015. Using the regression model, the results indicate a positive relationship between the difference between cash flow rights and control rights and the management of profits that are at the ownership level of 5% or more, 10% This may be due to the increase in the difference between cash flow rights and control rights resulting from the existence of hierarchical and overlapping ownership structures, increases the conflict of interests between the controlling and non-controlling shareholders (horizontal agency problems the second type of agency problems), changes in conflict of interest from one of the reasons Key to profit management practices. The results also indicate that there is no relationship with the discrepancy between cash flow rights and control rights and profit management, at the ownership level of 20%, and may be due to the lack of adequate disclosure of data on ownership and control structures in the Egyptian environment.
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